Thursday, the Indian market is showing volatility amid a mixed trend in the global markets. Metal stocks are receiving good support, while realty, auto and banking shares are coming under selling pressure. The small-cap and the mid-cap indexes are showing marginal gains. Traders await inflation data scheduled to be released this afternoon.
The BSE Sensex is now trading at 9,163, down 38 points or 0.42%, while the S&P CNX Nifty is trading at 2,795, down 0.28%.
On the BSE, the market breadth is negative, with 686 decliners compared to 633 stocks that are gaining.
Among the major gainers, Tata Steel is surging up 3.82%, Hindalco Industries is rising 1.47%, Hindustan Unilever is adding 1.05% and Reliance Infrastructure is up 0.84%.
ONGC, ITC, Ranbaxy Laboratories, Wipro, Bharti Airtel, Grasim Industries, ICICI bank, Infosys BHEL, NTPC, ACC, Tata Power and Reliance Communication are the other prominent gainers.
However, Mahindra & Mahindra, Tata Motors, Sterlite Industries, DLF, State Bank of India and Jaiprakash Associates are trading sharply lower.
Gammon India is down 1.0% on its disclosure that Devyani Estate & Properties, a part of the promoter group, pledged around 60 lakh shares with India Infoline Investment.
Ispat Industries is surging up 8.26% following reports that IDBI Bank, ICICI Bank, UTI and IFCI have allowed the company defer its payment of Rs.586 crore for 18 months.
Cairn India is rising 0.93% on reports that the company would more than double its investments in Rajasthan. Mahanagar Telephone Nigam (MTNL) is adding nearly 2.0% after it commercially launched third-generation (3G) services on Thursday.
Gujarat State Petronet is gaining around 2.0% after Citigroup raised its rating on the stock to "buy" from "hold." Tata Motors is losing 2.77% on reports that it owes around Rs.1200 crore in unpaid dues to its suppliers and vendors.
Ashok Leyland is adding 1.86% despite reporting a 73% year-over-year drop in its vehicle sales in January.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.